The Custom Duty will be reduced in Year 2016

From the internal news of the local government, in Year 2016, the custom duty for the daily consuming products will be further reduced, especially for cases and bags, the garments, the scarf, the blanket, the sunglasses and etc.

The reason for duties reduce is that the imported goods in China were obviously more expensive than the price in the original country. The Chinese are even willing to go on the shopping spree during their travelling in the foreign countires. According to the latest data from Ministry of Commerce, the overseas consuming amount the Chinese have it overseas was over RMB 1000 billions.

The duties reduce will bring the great effect on the procurement services and stimulate the consuming services in China.

On the other hand, the duties for the advancing equipment, parts as well as the original energy materials as the traction converter for high speed electric locomotive, pure electric or hybrid electric vehicle with motor controller assembly, cattle and sheep oil will further reduced for the purpose of stimulating the effective supplies and promote the upgrade of domestics industries.